This page reflects OBDC options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — OBDC
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $12.50 (1.68 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$12.50
Nearest expiry
Expected Move
±$0.97
±9.0%
Days to Expiry
15
Calendar days
Total Call OI
5,917
Nearest expiry
Total Put OI
7,447
Nearest expiry
P/C OI Ratio
1.26
Put-heavy
Spot Price
$10.82
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$10.00
5/15/2026, 11:26:17 PM
2026-06-18
$10.00
6/18/2026, 11:20:58 PM
2026-07-17NextUpdated
$12.50
7/3/2026, 11:20:58 PM
2026-08-21
$12.50
7/3/2026, 11:20:58 PM
2026-10-16
$12.50
7/3/2026, 11:20:58 PM
2026-11-20
$12.50
7/3/2026, 11:20:58 PM
2027-01-15
$12.50
7/3/2026, 11:20:58 PM
Selected expiration: 2026-07-17 at max pain $12.50.
OBDC pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
2.5
0
5850250
5850250
5
0
3988500
3988500
7.5
0
2126750
2126750
10
0
445500
445500
12.5
67750
30000
97750
15
983250
500
983750
17.5
2461250
250
2461500
20
3940500
0
3940500
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.